ItN Nanovation AG (Frankfurt Stock Exchange: I7N), a portfolio company of
Nanostart AG, has acquired
a major new customer for its Nanocomp Metcast solution with Qatalum, one of
the world's largest primary aluminum plants.
Nanocomp Metcast is a patented nanoceramic coating from ItN Nanovation which
is insensitive to wide temperature swings. It also offers low adhesion to molten
metal, making it ideal for non-ferrous melting and casting operations. In the
case of Qatalum, the new nanoceramic coating will be used to produce primary
aluminum better and more efficiently. Metcast stands out first and foremost
for its enormous cost-saving potential. With the end of its first construction
phase this year, the Qatalum facility should have a production capacity of 585,000
metric tons per year, making it one of the world's largest primary aluminum
facilities ever built.
Qatalum, based in Qatar, is a joint venture between Norsk Hydro and Qatar Petroleum.
Norsk Hydro, which itself is one of the world's largest aluminum producers,
has been successfully using Metcast since 2007. ItN Nanovation is presently
discussing the introduction of Nanocomp Metcast with other major aluminum producers.
“We are delighted to be able to welcome Qatalum as one of the first major
new plants to use Nanocomp Metcast,” said Lutz Bungeroth, CEO of ItN Nanovation.
“This is a testimony to the confidence in the quality and efficiency of
our product. We were able to win over Qatalum thanks to the strong support of
Norsk Hydro, which has already been using our nanotechnology-based ceramic coating
for some time. This new order from Qatalum underscores not only our technological
leadership but also the commercial viability of our product.”
Nanostart AG is the world's leading nanotechnology investment company.
The Frankfurt-based company provides venture capital financing for nanotechnology
companies in various growth phases. It also provides the benefits of its experience
and expertise to developers of financial instruments and to investors in the
nanotechnology sector. For further information about the company, please visit